Homeowners insurance is a must-have for any homeowner in Kansas City, KS. The coverage ensures that you are protected from many perils, including wind damage, fire damage as well as vandalism. Homeowners insurance is an important investment that can help you recover from the damage. A typical home insurance policy in Kansas City costs $4,010 a year on average.
The price depends on many factors, including the value of your property and belongings as well as materials used in construction. Homeowners who live in high-risk areas are more likely to face higher premiums. Make sure you're getting the best deal by shopping around and comparing policies with this helpful guide.
Average cost of homeowners insurance in Kansas City by coverage level
The average cost of homeowners insurance in Kansas City varies depending on the coverage level you choose. Homeowners insurance costs $4,010 per year for dwelling coverage of $200,000, whereas it is $5,477 for $300,000 dwelling coverage.
Below are the average annual and monthly Kansas City home insurance rates for different dwelling coverage.
| Coverage level (Dwelling) | Average annual rate | Average monthly rate |
|---|---|---|
| $200,000 | $4,010 | $334 |
| $300,000 | $5,477 | $456 |
| $400,000 | $7,039 | $587 |
| $500,000 | $8,580 | $715 |
| $600,000 | $10,038 | $837 |
Note:For the above rates, the deductible amount is $1,000 and liability protection is $100,000.
Cheapest homeowners insurance companies in Kansas City
It is important for Kansas City residents looking for the cheapest homeowners insurance policy to compare their options because not all policies are created equal. Most carriers in the Kansas City offer outstanding protection with premiums at competitive rates so be sure to get quotes from at least three different companies before making a final decision on your coverage plan.
According to Insurance.com survey, Travelers is the cheapest home insurance company in Kansas City, its average annual rate is $2,095. The following table shows the cheapest home insurance companies in Kansas City and their average annual rate.
| Company Name | Average Annual Cost |
|---|---|
| Travelers | $2,095 |
| Nationwide Corp | $2,590 |
| USAA | $2,603 |
| State Farm | $3,310 |
| Iowa Farm Bureau | $3,568 |
| Allstate | $3,864 |
| Liberty Mut | $5,584 |
| American Family | $6,180 |
| Farmers | $6,391 |
Homeowners insurance cost in Kansas City by credit score
Homeowners with poor credit scores may find themselves paying more for their home insurance every year. Insurance companies in Kansas City use this information to determine the cost of your policy, so it's important that you maintain a good score.
The average home insurance cost for homeowners with excellent credit score is $4,631, that's $6,572 less expensive than the insurance cost for policyholders with poor credit score. The table below shows the average annual insurance cost for homeowners with different credit scores-
| Credit Score | Average Annual Cost |
|---|---|
| Excellent | $4,631 |
| Fair | $6,754 |
| Good | $5,564 |
| Poor | $11,203 |
How much you can save on homeowners insurance in Kansas City?
If you're looking to save on your homeowners insurance, the best way is by getting quotes from multiple insurers. Another option is to avail yourself of the discounts for which you are eligible. Homeowners insurance companies offer a variety of different discounts to help you trim insurance costs. There are a few different types of discounts that companies offer. Some common ones are:
Home – Auto bundle discount:
One of the easiest ways to get affordable home insurance in Kansas City is by availing yourself of the multi-policy discount also known as bundling. If you purchase your home and auto insurance from the same company, you can save an average of $414 a year.
Loyalty discount:
There are other discounts such loyalty discount that can help you save $116 annually on your home insurance in Kansas City.
Safety equipment discount:
Apart from bundling and loyalty discounts, insurance companies offer discounts to homeowners for installing safety equipment at home. If you install a fire alarm at your home, you can get a discount of $173 a year on average from your insurer.
New home discount:
Besides, on insuring a newly constructed home, policyholders can get a new home discount of $1,550 a year on average. Make sure you get all the discounts for which you are eligible to trim your Kansas City homeowners insurance cost.